MARKET PULSE- Apple, Herbalife, Splunk, Caterpillar, Gap, SAP
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s)
Nov 22 (Reuters) - U.S. stock index futures rose on Friday. S&P 500 futures fell 0.2 points, Dow Jones industrial average futures rose 9 points and Nasdaq 100 futures added 2.5 points.
** APPLE INC, Thursday close $521.13
A U.S. jury awarded Apple about $290 million in a damages retrial against Samsung Electronics Co Ltd, restoring a large chunk of a historic verdict the iPhone maker won last year. "A jury award on the high end of the range is a modestly positive signal for Apple," said Nick Rodelli, a lawyer and adviser to institutional investors for CFRA Research in Maryland.
** HERBALIFE LTD, Thursday close $68.42
Activist investor William Ackman will renew his attack on Herbalife at a conference on Friday, almost a year since he shocked Wall Street with a $1 billion short bet against the weight-loss company, a person familiar with his plan said.
Ackman accuses Herbalife of being a pyramid scheme but he has not spoken at length about the company since the December 2012 announcement of his short position. Continued...